RBLX Breakout
RBLX was a recent weekly trade idea and it ended up breaking to the upside. This is a long term breakout and another interest rate sensitive stock. We'll see what happens after FOMC, but if the bull run continues I'd be targeting a previous low from 2021 around $60.50.
Second upside target would be around $80, which is the projected target from this falling wedge break. It already retested once, but it may do it again. As long as it holds above it should remain bullish.
Second upside target would be around $80, which is the projected target from this falling wedge break. It already retested once, but it may do it again. As long as it holds above it should remain bullish.
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
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